Massive Liquidation Alert.
A huge $6.85K long liquidation just hit the market at $1.401 for Optimism ($OP ).
What does this mean?
Long traders betting on a price increase just got wiped out as the price dipped to this key level, triggering their stop-losses and liquidating their positions. This sudden flush could indicate further volatility ahead!
Possible Scenarios:
1️⃣ If bears take control, we could see a further drop as stop-hunting continues.
2️⃣ If bulls fight back, this dip could act as a liquidity grab before a reversal.
Traders, stay sharp! Volatility is kicking in, and the next move could be explosive.
Current Key Levels to Watch:
🔹 Support: $1.38 – $1.39 (If this breaks, more pain ahead)
🔹 Resistance: $1.42 – $1.45 (A strong bounce could lead to a breakout)
Will the bulls recover, or are we heading for deeper liquidations. Stay tuned.
